Business First Bancshares Inc (NASDAQ:BFST) has received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $27.50.
Several brokerages have recently issued reports on BFST. Stephens assumed coverage on LiqTech International in a report on Tuesday, July 9th. They set an “overweight” rating and a $13.00 price objective on the stock. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a report on Tuesday, June 25th. ValuEngine lowered China Southern Airlines from a “hold” rating to a “sell” rating in a report on Monday, April 29th. FIG Partners restated an “outperform” rating on shares of SmartFinancial in a report on Thursday, April 25th. Finally, DA Davidson assumed coverage on Business First Bancshares in a report on Wednesday, July 10th. They set a “neutral” rating and a $28.00 price target on the stock.
A number of large investors have recently added to or reduced their stakes in the stock. Banc Funds Co. LLC raised its holdings in Business First Bancshares by 3.0% during the 1st quarter. Banc Funds Co. LLC now owns 525,149 shares of the company’s stock valued at $12,887,000 after buying an additional 15,149 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Business First Bancshares by 431.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,257 shares of the company’s stock valued at $55,000 after buying an additional 1,832 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in Business First Bancshares by 192.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,467 shares of the company’s stock valued at $84,000 after buying an additional 2,282 shares during the period. Bank of America Corp DE raised its holdings in Business First Bancshares by 81.5% during the 4th quarter. Bank of America Corp DE now owns 7,299 shares of the company’s stock valued at $177,000 after buying an additional 3,278 shares during the period. Finally, RMB Capital Management LLC raised its holdings in Business First Bancshares by 7.2% during the 4th quarter. RMB Capital Management LLC now owns 958,825 shares of the company’s stock valued at $23,232,000 after buying an additional 64,338 shares during the period. Institutional investors own 43.17% of the company’s stock.
Shares of BFST traded up $0.18 during mid-day trading on Wednesday, hitting $25.24. 6 shares of the stock were exchanged, compared to its average volume of 25,281. The stock has a market cap of $333.87 million, a P/E ratio of 17.28 and a beta of 0.18. Business First Bancshares has a 52-week low of $20.64 and a 52-week high of $27.40. The stock has a 50-day simple moving average of $25.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.
Business First Bancshares (NASDAQ:BFST) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $21.29 million. Business First Bancshares had a return on equity of 7.91% and a net margin of 18.11%. On average, analysts predict that Business First Bancshares will post 1.81 EPS for the current fiscal year.
Business First Bancshares Company Profile
Business First Bancshares, Inc operates as the bank holding company for Business First Bank that provides various banking products and services. It offers various deposit products and services, including a range of checking, demand, money market, time, and savings accounts, as well as certificates of deposit; and remote deposit capture and direct deposit services.
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